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In: AccountingPeyton Approved prides itself on transparency with shareholdersand investors. The company has added two storefront...Peyton Approved prides itself on transparency with shareholdersand investors. The company has added two storefront locations andlaunched a new marketing campaign, which is estimated to bring in20,000 new customers over the next 6 months. The company expectsthis expansion will require an additional $1,000,000 of capital andgenerate an additional $600,000 of after-tax profit.The options are: Issuing an additional $1,000,000 of 10%,100-par convertible preferred stock (same class as is currentlyoutstanding) Issue an additional $1,000,000 of 8% convertible bonds(same terms as the existing issue) $500,000 each of preferred stockand bondsDetermine the impact on earnings per share for each option.